SIDE BY SIDE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SIDE BY SIDE
Largest movements
- Receivables within one year -€8,049
down €8,049 (-35.6%), from €22,582 to €14,533
- Cash -€5,684
down €5,684 (-35.9%), from €15,841 to €10,157
mainly Contributions, distributions and other (-€19,039) and Other debts (-€7,096)
- Tangible fixed assets -€597
down €597 (-42.6%), from €1,399 to €803
- Deferred charges and accrued income +€556
up €556 (+27.7%), from €2,011 to €2,567
- Other debts -€7,096
down €7,096 (-27.1%), from €26,143 to €19,047
- Trade debts -€3,999
down €3,999 (-78.4%), from €5,099 to €1,100
- Tax, wage and social debts -€1,649
down €1,649 (-21.8%), from €7,562 to €5,913
- Reserves -€1,029
down €1,029 (-100.0%), from €1,029 to €0
- Gross operating margin +€12,636
up €12,636 (+96.0%), from €13,166 to €25,802
- Taxes +€2,465
up €2,465 (+71.4%), from €3,452 to €5,918
- Other operating charges +€582
up €582 (+101.7%), from €572 to €1,154
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,833 | €28,060 | -€13,773 | -32.9% |
| Fixed assets | 21/28 | €1,399 | €803 | -€597 | -42.6% |
| Tangible fixed assets | 22/27 | €1,399 | €803 | -€597 | -42.6% |
| Plant, machinery and equipment | 23 | €1,399 | €803 | -€597 | -42.6% |
| Current assets | 29/58 | €40,433 | €27,257 | -€13,176 | -32.6% |
| Amounts receivable within one year | 40/41 | €22,582 | €14,533 | -€8,049 | -35.6% |
| Trade receivables | 40 | €22,582 | €14,533 | -€8,049 | -35.6% |
| Cash at bank and in hand | 54/58 | €15,841 | €10,157 | -€5,684 | -35.9% |
| Deferred charges and accrued income | 490/1 | €2,011 | €2,567 | +€556 | +27.7% |
| Total equity and liabilities | 10/49 | €41,833 | €28,060 | -€13,773 | -32.9% |
| Equity | 10/15 | €3,029 | €2,000 | -€1,029 | -34.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,029 | €0 | -€1,029 | -100.0% |
| Distributable reserves | 133 | €1,029 | €0 | -€1,029 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,804 | €26,060 | -€12,744 | -32.8% |
| Amounts payable within one year | 42/48 | €38,804 | €26,060 | -€12,744 | -32.8% |
| Trade debts | 44 | €5,099 | €1,100 | -€3,999 | -78.4% |
| Suppliers | 440/4 | €5,099 | €1,100 | -€3,999 | -78.4% |
| Taxes, remuneration and social security | 45 | €7,562 | €5,913 | -€1,649 | -21.8% |
| Taxes | 450/3 | €7,562 | €5,913 | -€1,649 | -21.8% |
| Other amounts payable | 47/48 | €26,143 | €19,047 | -€7,096 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €615 | €597 | -€18 | -2.9% |
| Other operating charges | 640/8 | €572 | €1,154 | +€582 | +101.7% |
| Gross operating margin | 9900 | €13,166 | €25,802 | +€12,636 | +96.0% |
| Operating profit (loss) | 9901 | €11,979 | €24,051 | +€12,072 | +100.8% |
| Financial charges | 65/66B | €86 | €124 | +€37 | +43.5% |
| Recurring financial charges | 65 | €86 | €124 | +€37 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €11,893 | €23,928 | +€12,035 | +101.2% |
| Income taxes | 67/77 | €3,452 | €5,918 | +€2,465 | +71.4% |
| Profit (loss) for the period | 9904 | €8,440 | €18,010 | +€9,569 | +113.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,440 | €18,010 | +€9,569 | +113.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.